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        <TitleTxt>CORRESPONDING SECRETARY</TitleTxt>
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        <IndividualTrusteeOrDirectorInd>X</IndividualTrusteeOrDirectorInd>
        <OfficerInd>X</OfficerInd>
        <ReportableCompFromOrgAmt>0</ReportableCompFromOrgAmt>
        <ReportableCompFromRltdOrgAmt>0</ReportableCompFromRltdOrgAmt>
        <OtherCompensationAmt>0</OtherCompensationAmt>
      </Form990PartVIISectionAGrp>
      <Form990PartVIISectionAGrp>
        <PersonNm>BECKY MAHONEY</PersonNm>
        <TitleTxt>SECOND VICE PRESIDENT</TitleTxt>
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        <OfficerInd>X</OfficerInd>
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        <ReportableCompFromRltdOrgAmt>0</ReportableCompFromRltdOrgAmt>
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      <Form990PartVIISectionAGrp>
        <PersonNm>RENEE EPPARD</PersonNm>
        <TitleTxt>FIRST VICE PRESIDENT</TitleTxt>
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        <OfficerInd>X</OfficerInd>
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        <ReportableCompFromRltdOrgAmt>0</ReportableCompFromRltdOrgAmt>
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      <TotReportableCompRltdOrgAmt>0</TotReportableCompRltdOrgAmt>
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            <State>VA</State>
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        </ContractorAddress>
        <ServicesDesc>SPEAKER FEES</ServicesDesc>
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      <ContractorCompensationGrp>
        <ContractorName>
          <BusinessName>
            <BusinessNameLine1>VAN WEZEL</BusinessNameLine1>
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            <State>FL</State>
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        <Desc>ART INCOME</Desc>
        <BusinessCd>900099</BusinessCd>
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        <RelatedOrExemptFuncIncomeAmt>7864</RelatedOrExemptFuncIncomeAmt>
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      <OtherRevenueTotalAmt>7864</OtherRevenueTotalAmt>
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        <TotalRevenueColumnAmt>699848</TotalRevenueColumnAmt>
        <RelatedOrExemptFuncIncomeAmt>7864</RelatedOrExemptFuncIncomeAmt>
        <UnrelatedBusinessRevenueAmt>0</UnrelatedBusinessRevenueAmt>
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      <GrantsToDomesticOrgsGrp>
        <TotalAmt>383216</TotalAmt>
        <ProgramServicesAmt>383216</ProgramServicesAmt>
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      <OtherSalariesAndWagesGrp>
        <TotalAmt>69793</TotalAmt>
        <ProgramServicesAmt>34897</ProgramServicesAmt>
        <ManagementAndGeneralAmt>34896</ManagementAndGeneralAmt>
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        <ProgramServicesAmt>2406</ProgramServicesAmt>
        <ManagementAndGeneralAmt>2407</ManagementAndGeneralAmt>
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      <FeesForServicesAccountingGrp>
        <TotalAmt>16198</TotalAmt>
        <ManagementAndGeneralAmt>16198</ManagementAndGeneralAmt>
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      <FeesForServicesOtherGrp>
        <TotalAmt>700</TotalAmt>
        <ManagementAndGeneralAmt>700</ManagementAndGeneralAmt>
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      <OfficeExpensesGrp>
        <TotalAmt>16359</TotalAmt>
        <ManagementAndGeneralAmt>16359</ManagementAndGeneralAmt>
      </OfficeExpensesGrp>
      <InformationTechnologyGrp>
        <TotalAmt>2853</TotalAmt>
        <ManagementAndGeneralAmt>2853</ManagementAndGeneralAmt>
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      <OccupancyGrp>
        <TotalAmt>3141</TotalAmt>
        <ManagementAndGeneralAmt>3141</ManagementAndGeneralAmt>
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      <DepreciationDepletionGrp>
        <TotalAmt>79</TotalAmt>
        <ManagementAndGeneralAmt>79</ManagementAndGeneralAmt>
      </DepreciationDepletionGrp>
      <OtherExpensesGrp>
        <Desc>ART LECTURE</Desc>
        <TotalAmt>6443</TotalAmt>
        <ProgramServicesAmt>6443</ProgramServicesAmt>
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      <OtherExpensesGrp>
        <Desc>MEMBERSHIP EVENTS</Desc>
        <TotalAmt>3137</TotalAmt>
        <ManagementAndGeneralAmt>3137</ManagementAndGeneralAmt>
      </OtherExpensesGrp>
      <OtherExpensesGrp>
        <Desc>NEWSLETTER</Desc>
        <TotalAmt>1901</TotalAmt>
        <ManagementAndGeneralAmt>1901</ManagementAndGeneralAmt>
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      <OtherExpensesGrp>
        <Desc>PRESIDENTS FUND</Desc>
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        <ManagementAndGeneralAmt>811</ManagementAndGeneralAmt>
      </OtherExpensesGrp>
      <AllOtherExpensesGrp>
        <TotalAmt>5288</TotalAmt>
        <ManagementAndGeneralAmt>5288</ManagementAndGeneralAmt>
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      <TotalFunctionalExpensesGrp>
        <TotalAmt>514732</TotalAmt>
        <ProgramServicesAmt>426962</ProgramServicesAmt>
        <ManagementAndGeneralAmt>87770</ManagementAndGeneralAmt>
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        <EOYAmt>92589</EOYAmt>
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      <SavingsAndTempCashInvstGrp>
        <BOYAmt>1924271</BOYAmt>
        <EOYAmt>2255783</EOYAmt>
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      <AccountsReceivableGrp>
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      <PrepaidExpensesDefrdChargesGrp>
        <BOYAmt>18559</BOYAmt>
        <EOYAmt>20376</EOYAmt>
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      <LandBldgEquipCostOrOtherBssAmt>2057</LandBldgEquipCostOrOtherBssAmt>
      <LandBldgEquipAccumDeprecAmt>79</LandBldgEquipAccumDeprecAmt>
      <LandBldgEquipBasisNetGrp>
        <BOYAmt>0</BOYAmt>
        <EOYAmt>1978</EOYAmt>
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      <OtherAssetsTotalGrp>
        <BOYAmt>2247076</BOYAmt>
        <EOYAmt>2354936</EOYAmt>
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      <TotalAssetsGrp>
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        <EOYAmt>4729800</EOYAmt>
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      <AccountsPayableAccrExpnssGrp>
        <BOYAmt>3116</BOYAmt>
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      <DeferredRevenueGrp>
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        <EOYAmt>1030902</EOYAmt>
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      <UnsecuredNotesLoansPayableGrp>
        <EOYAmt>128325</EOYAmt>
      </UnsecuredNotesLoansPayableGrp>
      <OtherLiabilitiesGrp>
        <BOYAmt>2411268</BOYAmt>
        <EOYAmt>2331035</EOYAmt>
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      <TotalLiabilitiesGrp>
        <BOYAmt>3457875</BOYAmt>
        <EOYAmt>3490262</EOYAmt>
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      <OrganizationFollowsSFAS117Ind>X</OrganizationFollowsSFAS117Ind>
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      <TemporarilyRstrNetAssetsGrp>
        <BOYAmt>20780</BOYAmt>
        <EOYAmt>16291</EOYAmt>
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      <TotalNetAssetsFundBalanceGrp>
        <BOYAmt>836562</BOYAmt>
        <EOYAmt>1239538</EOYAmt>
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      <TotLiabNetAssetsFundBalanceGrp>
        <BOYAmt>4294437</BOYAmt>
        <EOYAmt>4729800</EOYAmt>
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      <ReconcilationRevenueExpnssAmt>185116</ReconcilationRevenueExpnssAmt>
      <NetUnrlzdGainsLossesInvstAmt>217860</NetUnrlzdGainsLossesInvstAmt>
      <OtherChangesInNetAssetsAmt>0</OtherChangesInNetAssetsAmt>
      <InfoInScheduleOPartXIIInd>X</InfoInScheduleOPartXIIInd>
      <MethodOfAccountingAccrualInd>X</MethodOfAccountingAccrualInd>
      <AccountantCompileOrReviewInd>0</AccountantCompileOrReviewInd>
      <FSAuditedInd>1</FSAuditedInd>
      <FSAuditedBasisGrp>
        <SeparateBasisFinclStmtInd>X</SeparateBasisFinclStmtInd>
      </FSAuditedBasisGrp>
      <AuditCommitteeInd>1</AuditCommitteeInd>
      <FederalGrantAuditRequiredInd>0</FederalGrantAuditRequiredInd>
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    <IRS990ScheduleA documentId="RetDoc1039100001">
      <PublicOrganization170Ind>X</PublicOrganization170Ind>
      <GiftsGrantsContriRcvd170Grp>
        <CurrentTaxYearMinus4YearsAmt>422114</CurrentTaxYearMinus4YearsAmt>
        <CurrentTaxYearMinus3YearsAmt>520095</CurrentTaxYearMinus3YearsAmt>
        <CurrentTaxYearMinus2YearsAmt>360017</CurrentTaxYearMinus2YearsAmt>
        <CurrentTaxYearMinus1YearAmt>576432</CurrentTaxYearMinus1YearAmt>
        <CurrentTaxYearAmt>417493</CurrentTaxYearAmt>
        <TotalAmt>2296151</TotalAmt>
      </GiftsGrantsContriRcvd170Grp>
      <TotalCalendarYear170Grp>
        <CurrentTaxYearMinus4YearsAmt>422114</CurrentTaxYearMinus4YearsAmt>
        <CurrentTaxYearMinus3YearsAmt>520095</CurrentTaxYearMinus3YearsAmt>
        <CurrentTaxYearMinus2YearsAmt>360017</CurrentTaxYearMinus2YearsAmt>
        <CurrentTaxYearMinus1YearAmt>576432</CurrentTaxYearMinus1YearAmt>
        <CurrentTaxYearAmt>417493</CurrentTaxYearAmt>
        <TotalAmt>2296151</TotalAmt>
      </TotalCalendarYear170Grp>
      <SubstantialContributorsTotAmt>179566</SubstantialContributorsTotAmt>
      <PublicSupportTotal170Amt>2116585</PublicSupportTotal170Amt>
      <GrossInvestmentIncome170Grp>
        <CurrentTaxYearMinus4YearsAmt>8160</CurrentTaxYearMinus4YearsAmt>
        <CurrentTaxYearMinus3YearsAmt>2700</CurrentTaxYearMinus3YearsAmt>
        <CurrentTaxYearMinus2YearsAmt>332</CurrentTaxYearMinus2YearsAmt>
        <CurrentTaxYearMinus1YearAmt>709</CurrentTaxYearMinus1YearAmt>
        <CurrentTaxYearAmt>545</CurrentTaxYearAmt>
        <TotalAmt>12446</TotalAmt>
      </GrossInvestmentIncome170Grp>
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        <CurrentTaxYearMinus4YearsAmt>4392</CurrentTaxYearMinus4YearsAmt>
        <CurrentTaxYearMinus3YearsAmt>3382</CurrentTaxYearMinus3YearsAmt>
        <CurrentTaxYearMinus1YearAmt>4564</CurrentTaxYearMinus1YearAmt>
        <CurrentTaxYearAmt>7864</CurrentTaxYearAmt>
        <TotalAmt>20202</TotalAmt>
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      <GrossReceiptsRltdActivitiesAmt>5834972</GrossReceiptsRltdActivitiesAmt>
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      <PublicSupportPY170Pct>0.87450</PublicSupportPY170Pct>
      <ThirtyThrPctSuprtTestsCY170Ind>X</ThirtyThrPctSuprtTestsCY170Ind>
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    <IRS990ScheduleB documentId="RetDoc1234500001">
      <ContributorInformationGrp>
        <ContributorNum>RESTRICTED</ContributorNum>
        <ContributorBusinessName>
          <BusinessNameLine1>RESTRICTED</BusinessNameLine1>
        </ContributorBusinessName>
        <ContributorUSAddress>
          <AddressLine1>RESTRICTED</AddressLine1>
          <AddressLine2>RESTRICTED</AddressLine2>
          <City>RESTRICTED</City>
          <State>RESTRICTED</State>
          <ZIPCode>RESTRICTED</ZIPCode>
        </ContributorUSAddress>
        <TotalContributionsAmt>RESTRICTED</TotalContributionsAmt>
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    </IRS990ScheduleB>
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        <DepreciationAmt>79</DepreciationAmt>
        <BookValueAmt>1978</BookValueAmt>
      </EquipmentGrp>
      <TotalBookValueLandBuildingsAmt>1978</TotalBookValueLandBuildingsAmt>
      <OtherAssetsOrgGrp>
        <Desc>INVESTMENT HELD IN RINGLING SCHOOL OF ART AND DESIGN ENDOWMENT</Desc>
        <BookValueAmt>2354936</BookValueAmt>
      </OtherAssetsOrgGrp>
      <TotalBookValueOtherAssetsAmt>2354936</TotalBookValueOtherAssetsAmt>
      <OtherLiabilitiesOrgGrp>
        <Desc>NONREFUNDABLE FEES</Desc>
        <Amt>410000</Amt>
      </OtherLiabilitiesOrgGrp>
      <OtherLiabilitiesOrgGrp>
        <Desc>LONG-TERM PLEDGE TO RINGLING COLLEGE OF ART &amp; DESIGN</Desc>
        <Amt>1921035</Amt>
      </OtherLiabilitiesOrgGrp>
      <TotalLiabilityAmt>2331035</TotalLiabilityAmt>
      <FootnoteTextInd>X</FootnoteTextInd>
      <TotalRevEtcAuditedFinclStmtAmt>1899674</TotalRevEtcAuditedFinclStmtAmt>
      <NetUnrealizedGainsInvstAmt>217860</NetUnrealizedGainsInvstAmt>
      <OtherRevenueAmt>981966</OtherRevenueAmt>
      <RevenueNotReportedAmt>1199826</RevenueNotReportedAmt>
      <RevenueSubtotalAmt>699848</RevenueSubtotalAmt>
      <RevenueNotReportedFinclStmtAmt>0</RevenueNotReportedFinclStmtAmt>
      <TotalRevenuePerForm990Amt>699848</TotalRevenuePerForm990Amt>
      <TotExpnsEtcAuditedFinclStmtAmt>1496698</TotExpnsEtcAuditedFinclStmtAmt>
      <OtherExpensesIncludedAmt>981966</OtherExpensesIncludedAmt>
      <ExpensesNotReportedAmt>981966</ExpensesNotReportedAmt>
      <ExpensesSubtotalAmt>514732</ExpensesSubtotalAmt>
      <ExpensesNotRptFinclStmtAmt>0</ExpensesNotRptFinclStmtAmt>
      <TotalExpensesPerForm990Amt>514732</TotalExpensesPerForm990Amt>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>PART X, LINE 2:</FormAndLineReferenceDesc>
        <ExplanationTxt>UNDER THE INCOME TAXES TOPIC OF THE FASB ACCOUNTING STANDARDS CODIFICATION, THE ASSOCIATION HAS REVIEWED AND EVALUATED THE RELEVANT TECHNICAL MERITS OF EACH OF ITS TAX POSITIONS IN ACCORDANCE WITH ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA FOR ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, AND DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS THAT WOULD HAVE A MATERIAL IMPACT ON THE FINANCIAL STATEMENTS OF THE ASSOCIATION.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>PART XI, LINE 2D - OTHER ADJUSTMENTS:</FormAndLineReferenceDesc>
        <ExplanationTxt>SPECIAL EVENT EXPENSE NETTED AGAINST REVENUE FOR 990 EXPENSE FOR FS 981,966.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>PART XII, LINE 2D - OTHER ADJUSTMENTS:</FormAndLineReferenceDesc>
        <ExplanationTxt>SPECIAL EVENT EXPENSE NETTED AGAINST REVENUE FOR 990 EXPENSE FOR FS 981,966.</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleD>
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        <CharitableContriEvent1Amt>14000</CharitableContriEvent1Amt>
        <GrossRevenueEvent1Amt>1255912</GrossRevenueEvent1Amt>
        <RentFacilityCostsEvent1Amt>206261</RentFacilityCostsEvent1Amt>
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        <GrossReceiptsTotalAmt>1269912</GrossReceiptsTotalAmt>
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        <GrossRevenueTotalEventsAmt>1255912</GrossRevenueTotalEventsAmt>
        <RentFcltyCostsTotalEventsAmt>206261</RentFcltyCostsTotalEventsAmt>
        <OthDirectExpnssTotalEventsAmt>775705</OthDirectExpnssTotalEventsAmt>
        <DirectExpenseSummaryEventsAmt>981966</DirectExpenseSummaryEventsAmt>
        <NetIncomeSummaryAmt>273946</NetIncomeSummaryAmt>
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    </IRS990ScheduleG>
    <IRS990ScheduleI documentId="RetDoc1041900001">
      <GrantRecordsMaintainedInd>1</GrantRecordsMaintainedInd>
      <RecipientTable>
        <RecipientBusinessName>
          <BusinessNameLine1>RINGLING COLLEGE OF ART AND DESIGN</BusinessNameLine1>
        </RecipientBusinessName>
        <USAddress>
          <AddressLine1>2700 NORTH TAMIAMI TRIAL</AddressLine1>
          <City>SARASOTA</City>
          <State>FL</State>
          <ZIPCode>34234</ZIPCode>
        </USAddress>
        <RecipientEIN>590637903</RecipientEIN>
        <IRCSectionDesc>501(C)(3)</IRCSectionDesc>
        <CashGrantAmt>383216</CashGrantAmt>
        <PurposeOfGrantTxt>LIBRARY &amp; LIBRARY CONSTRUCTION AND MATERIALS</PurposeOfGrantTxt>
      </RecipientTable>
      <Total501c3OrgCnt>1</Total501c3OrgCnt>
      <TotalOtherOrgCnt>0</TotalOtherOrgCnt>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>PART I, LINE 2:</FormAndLineReferenceDesc>
        <ExplanationTxt>TAXPAYER REGULARLY MONITORS THE GRANTS MADE TO THE RINGLING COLLEGE OF ART &amp; DESIGN. THIS IS THE ONLY ORGANIZATION RECEIVING GRANTS.</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleI>
    <IRS990ScheduleO documentId="RetDoc1044400001">
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART I, LINE 6 VOLUNTEERS</FormAndLineReferenceDesc>
        <ExplanationTxt>ALL BOARD MEMBERS ARE VOLUNTEERS. THEY OVERSEE THE ACTIVITIES OF THE ASSOCIATION. ALL MEMBERS OF THE TOWN HALL COMMITTEE ARE VOLUNTEERS. THEY OVERSEE THE TOWN HALL LECTURE SERIES.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION B, LINE 11</FormAndLineReferenceDesc>
        <ExplanationTxt>THE TREASURER, WHO IS A CPA, REVIEWS THE 990.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION B, LINE 12C</FormAndLineReferenceDesc>
        <ExplanationTxt>CONFLICT OF INTEREST FORMS ARE SIGNED ANNUALLY BY MEMBERS.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION B, LINE 15B</FormAndLineReferenceDesc>
        <ExplanationTxt>THERE ARE NO PAID OFFICERS OR KEY EMPLOYEES.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION C, LINE 19</FormAndLineReferenceDesc>
        <ExplanationTxt>THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART XII, LINE 2C AUDIT REVIEW PROCESS</FormAndLineReferenceDesc>
        <ExplanationTxt>TREASURER, FINANCE COMMITTEE CHAIR, AND PRESIDENT, ASSUME OVERSIGHT.</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleO>
  </ReturnData>
</Return>